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20121201
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will impact their money. rob smalley and drew and american wealth management. good to see you, guys. rob, with you, 30 seconds on the clock. what moves money tomorrow? >> tomorrow, i will be looking at earnings from federal express, bed bath&beyond and permits on the consumer certificate and the economy as a whole. 2012 was a great year for corporate debt. yields and sprends are tight and a strengthening in this economy could lead to investors reallocating out of equity, out of corporate debt into equity, a major risk for the corporate bond market in 2013. >> we'll be watching that. drew, 30 seconds on the clock. what do you want to watch tomorrow? >> we will watch what congress is doing, we will watch what congress is doing and watch what congress is doing. after that, we remain diversified. you don't have a deal until a deal is done and the gains could get wiped out. you don't know. stay well diversified. if this debt ceiling isn't taken care of this year, it will overhang into next year. hang on to your gold and stay well diversified even into hedge equity. >> it's all about the fisca
are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state in the country, joining a lot of others where the gop has majority in the state legislatures. now, a lot of these workers today were dismayed at the timing of all of this. this is taking place during a lame duck session of the legislature when a new body is being sworn in here, and in a month's time it's going to have a few more democrats than we saw here today, so when i sat down with the governor this afternoon i asked him why not delay this just a little bit longer, let a new body come in and give workers and people around the state of michigan more opportunity to debate this issue. he says it was not going to go away, that it doesn't make
weekend. all right, rob. what do you think? you think we're going to get a deal done by the year end? >> i think there will probably be a deal done. i think you have to look at the market fundamentals today and say equities are as cheap as th they've been in 50 years relative to bonds. equities are going to stay firm. the second thing is the money flows going to bonds, that's probably not going to be the right place to be once they settle this thing. the third and the most important thing is the u.s. economy is the most vibrant, adaptable, innovative and creative economy on the planet. i think that means we're coming out and starting to see that in many sectors today. we're bullish and think you need to look at this on a positive frame. >> maria, i'm less bullish than that. that sounds very optimistic. i would love to believe that, but if you compare valuations of equities versus bonds, yes, there's a huge spread right now, but that doesn't necessarily make equities really cheap. it's just a relative trade. i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i t
Search Results 0 to 2 of about 3